Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 207 - HC - Income TaxEntitlement for registration u/s 12AA Small amount spent for charitable purposes - Held that:- The Original Authority has not doubted the bona fides of the Trust or the activity of the Trust, but on the ground that the Trust had spent low quantum towards charitable activity, the Authority had declined registration of the Trust relying upon Director of Income Tax Exemptions, Chennai. V. M/s.Seervi Samaj Tambaram Trust [2014 (2) TMI 32 - MADRAS HIGH COURT] - CIT cannot reject the application for registration merely on the ground that on the date of the application the assessee trust had not commenced its activities - It is not denied by the assessee that on the date of the application under Section 12AA, it was yet to commence its operation - The genuineness of the objects of the trust were not questioned by the Commissioner - the interpretation given by the Original Authority declining to register the Trust has no legal basis that the Tribunal is correct in allowing the appeal filed by the assessee - Decided against Revenue.
|